Patterson-UTI Energy, Inc. press release
Shares of Patterson-UTI Energy Inc. (PTEN) Exceed 52-Week High
NASDAQ - Nasdaq Stock Market · Oil · Natural Gas · Natural Gas Liquids · United States
Patterson-UTI Energy Inc. (NASDAQ:PTEN)traded at a new 52-week high today of $11.30. This new high was reached on below average trading volume as 403,000 shares traded hands, while the average 30-day volume is approximately 2.6 million shares.
Patterson-UTI Energy is one of the largest land rig drilling contractors in the United States and maintains moderately sized pressure-pumping operations primarily in Texas and the Appalachian region. It also provides directional drilling services and tool rental services in most U.S. onshore oil and gas basins.
Patterson-UTI Energy Inc. (NASDAQ:PTEN) has potential upside of 99.6% based on a current price of $11.10 and analysts' consensus price target of $22.15.
In the past 52 weeks, Patterson-UTI Energy Inc. share prices are bracketed by a low of $5.96 and a high of $11.30 and is now at $11.10, 86% above that low price.
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